BEL: Forming Symmetrical Triangle Pattern

Updated
BEL is forming a Symmetrical Triangle Pattern. As per expectation breakout could happen from 129 level.

After the breakout one can enter around 129-130 level with expected target of 143. Also one should set stoploss at 126.

Pattern is forming on hourly chart.

Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
Trade closed: stop reached
Stoploss hit. Going sideways.
BELbharatelectronicslimitedSymmetrical TriangleTriangle

Disclaimer